Oil climbed to just under $US117 a barrel last week despite shipments through the Strait of Hormuz approaching pre-war volumes. Traders point to sharply higher shipping and insurance costs, plus renewed threats from Donald Trump, as the main drivers of the rally.
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Updated 26 October 2026 at 6:48 pm. Prices are delayed and for information only.
The Federal Court will deliver a judgment on Wednesday that will set the size of the fine for Star Entertainment over repeated anti‑money laundering breaches. AUSTRAC wants $400 million while Star says a penalty above $100 million payable within 12 months would be hard to fund, a dispute that could force the company into administration.
Leonardo Maria Del Vecchio has intensified a public dispute with EssilorLuxottica chief Francesco Milleri amid a battle over the family’s €55 billion fortune, even as the eyewear group reported a better-than-expected quarterly result. Shares jumped after the update, strengthening Milleri’s position as heirs remain divided over control of Delfin, the holding company that steers the business.
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